Analyst calls: Pandora downgraded

Kraft is downgraded to 'hold,' Express Scripts is upgraded to 'outperform,' and Altera is initiated with a 'reduce.'

By MSN Money Partner Mar 7, 2012 11:55AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:
  • Express Scripts (ESRX) upgraded to Outperform from Neutral at Macquarie
  • Dick's Sporting (DKS) upgraded to Neutral from Underperform at Sterne Agee
  • Tesoro (TSO) upgraded to Neutral from Underperform at BofA/Merrill
Wednesday's noteworthy downgrades include:
  • CVR Energy (CVI) downgraded to Neutral from Outperform at Macquarie
  • Medco Health (MHS) downgraded to Neutral from Outperform at Macquarie
  • Kraft Foods (KFT) downgraded to Hold from Buy at Jefferies
  • Sotheby's (BID) downgraded to Hold from Buy at Williams Capital
  • Pandora (P) downgraded to Neutral from Buy at Citigroup, and to Market Perform from Outperform at Raymond James
Wednesday's noteworthy initiations include:
  • Altera (ALTR) initiated with a Reduce at Nomura
  • Xilinx (XLNX) initiated with a Neutral at Nomura
  • FactSet (FDS) initiated with a Neutral at UBS
  • Robert Half (RHI) initiated with a Buy at UBS
  • F5 Networks (FFIV) initiated with a Hold at Cantor
  • Juniper (JNPR) initiated with a Hold at Cantor
  • Cisco (CSCO) initiated with a Buy at Cantor
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